Monday, September 29, 2008

NEBRASKA ECONOMY NOT FEELING AS MUCH PAIN

'State economy not doing all that bad, Fed economist says'

(Norfolk Daily News) -- Compared to the national economy, Nebraska's economy is doing well. Jason Henderson, Federal Reserve Bank vice president in Omaha, said Monday evening that the Nebraska economy is doing well in many areas, but the farm areas are "putting us over the top." Housing, construction and job growth are some of the areas in which Nebraska's economy has been outperforming the national economy, Henderson said. Part of it has been because Nebraska has been fiscally conservative, he said. Henderson said Nebraska is enjoying a surge in manufacturing exports, specifically food and machinery.

'Nebraska Chamber Shares Economic Status of State'

(KTPH TV, Sioux City, IA) -- While the U.S. economy is in turmoil, the state of Nebraska's economy is holding steady. The Nebraska Chamber of Commerce & Industry presented its annual Legislative Forum to the South Sioux City Chamber on Tuesday. Barry Kennedy, president of the State Chamber, discussed topics like taxes, quality of life and labor laws, and identifying issues facing the Nebraska business community. "Our challenge is to get other people to come here and see what we have, see our work ethic," Kennedy says.